Business Turnaround Advice in Hull

Turnaround support for Hull businesses

We cover Hull from our Yorkshire office, about 55 miles away, and regularly work with companies across East Riding of Yorkshire. Meetings happen at your premises: the first one is confidential and free, and its purpose is to tell you honestly whether the business can be saved.

Hull's traditional industries of seafaring, fishing and heavy industry have declined, but it remains a busy port, with operations run by Associated British Ports and ferry services to continental Europe. Siemens Gamesa's offshore wind turbine blade factory at Green Port Hull on Alexandra Dock has made the city a centre for renewable energy, and it is part of the Humber Enterprise Zone. Chemicals and healthcare are notable sectors, with BP, Reckitt and Smith & Nephew among firms with a presence.

Ports and logisticsOffshore wind and renewable energyChemicalsHealthcare and medical technologyDigital

We work with owner-managed companies right across the area, from Green Port Hull (Alexandra Dock), Humber Quays, Humber Enterprise Zone, C4DI (Fruit Market), Hull Marina and Kingswood.

The pressures we see most are the same ones that show up in the Gazette data below: HMRC arrears that build up while the business funds losses, a bank or asset-based lender losing patience, and suppliers moving the account to pro-forma. If any of those are happening, read the warning signs a business needs a turnaround, or check your own company's public-record signals with our free company health check.

Hull company insolvencies: what the data shows

K2 tracks every corporate insolvency notice published in The London Gazette and matches it to the company's Companies House record and last filed accounts. These figures cover companies with a registered office in Hull (the HU postcode area) on our record since July 2026, excluding solvent members' voluntary liquidations. They count notices, not companies: one insolvency usually produces several notices.

29

distress notices for Hull companies in the last 30 days

97

distress notices in the last 90 days

57

Hull companies named in those notices

What these companies looked like before insolvency

Based on 57 companies in Hull with a distress notice on our record (solvent members' voluntary liquidations excluded), using each company's Companies House profile and last filed accounts.

Negative net assets at last filing: 38%; of 47 with filed figures; UK 42%
Age of last accounts at first notice: 17 months; median; UK 19 months
Accounts overdue at Companies House: 33%; of 57 profiles; UK 40% · -7 pts vs UK
Company age at first notice: 7.8 yrs; median · 11% under 3 years; UK 8.6 yrs

Median total assets in the last filed accounts: £105k. Figures are the companies' own filings and often predate the insolvency by a year or more.

Of the Hull companies that reached the Gazette, 38% had already filed a balance sheet showing negative net assets. The warning signs were on the public record well before the first insolvency notice, and that is the window in which a turnaround is cheapest and most likely to work.

Most affected sectors in Hull

Latest notices for Hull companies

Rollerdooruk LTD 16 Oct
JM Lodge Services Limited 16 Oct
Upvc Logistics Limited 16 Oct
CPR Components (hull) LTD 14 Oct
Tweendykes Butchers and Bakers LTD 08 Oct
Lewis Ashley Services Limited 07 Oct

All insolvency and liquidation notices for Hull companies →

How K2 turns around a business in Hull

There is no template for saving a business, but there is an order of work. For Hull companies, as everywhere, it starts with cash and ends with a business that makes money at its new size, with K2 invested alongside the directors.

1. Free, confidential assessment

A partner meets you, looks at the numbers and tells you honestly whether the business is viable and what the options are.

2. Take control of cash

A rolling 13-week cash flow forecast, managed daily if needed, so every decision is made with the real position in view.

3. Deal with creditors

Negotiate with HMRC, the bank, landlords and suppliers, informally where possible and through a formal process where it protects the business.

4. Fix what is losing money

Cut the products, contracts, sites or costs that destroy cash, and reset pricing and margin.

5. Invest and rebuild

Where we see a future we invest our time and expertise for a minority stake or success fee, and stay through recovery and growth.

The full method, stage by stage, is on our business turnaround page. If the business needs money to get through, see business loans and turnaround finance in Hull.

Choosing a turnaround adviser in Hull

Almost every professional firm in Hull says it does turnaround. They are not doing the same job, and who they work for matters:

Big Four and global advisory firms

Usually engaged by lenders or private equity owners on larger companies, often to review the business on the lender's behalf. Fee-based, report-led.

Insolvency practitioners

Licensed to run administrations, liquidations and CVAs. Essential when a formal process is needed, but once appointed they act for the creditors.

Your accountant or solicitor

Know the business and the law, but most rarely run a turnaround day to day, or negotiate with HMRC and the bank as a principal.

K2 Business Partners

Pure turnaround since 1990. We work for the directors and shareholders, get hands-on with the cash, and invest our own time and money for a stake in the recovery.

We have profiled the main UK firms, with what each one does and how to contact them, in UK turnaround and restructuring firms compared.

Formal rescue options and the court for Hull

Most turnarounds are done informally, by agreement with creditors. When a creditor will not wait, or the debt cannot be paid in full, the law offers tools that protect a viable business while it restructures: a company voluntary arrangement, administration (including a pre-pack) and, for larger companies with several classes of creditor, a restructuring plan. Used early, each one can save the business rather than end it.

Kingston-upon-Hull Combined Court Centre

Lowgate, Kingston upon Hull, HU1 2EZ

This is a County Court hearing centre with insolvency jurisdiction: it can hear winding-up petitions against companies with paid-up share capital of up to £120,000. Petitions against larger companies go to the High Court, in London or at one of the Business and Property Courts' district registries, the nearest being Leeds.

If a creditor has served a statutory demand or a winding-up petition, the clock is already running. Call us the same day: the earlier we are involved, the more of the business can be saved.

Talk to us about your Hull business

Nearest office to Hull: Yorkshire

54 Wakefield Road, Grange Moor, Huddersfield WF4 4DS
About 55 miles from Hull, straight line

0113 877 0221

Head office: 020 7720 8000

All five K2 offices →

Partners based there

Mark Blayney MBA ACA

Book a free, confidential call

Other local support in Hull

Free and membership support for Hull businesses, useful alongside turnaround advice for funding schemes, training and local contacts:

HEY Growth Hub (Hull and East Yorkshire)
Hull & Humber Chamber of Commerce · 01482 324976

Turnaround in Hull: frequently asked questions

Do you have an office in Hull?

Our nearest office is Yorkshire, at 54 Wakefield Road, Grange Moor, Huddersfield WF4 4DS, about 55 miles from Hull. We do not keep a separate Hull office: partners travel to meet you at your premises, which is where a turnaround starts anyway.

How much does turnaround advice cost for a business in Hull?

The first meeting is free and confidential. If we agree to work together, the next step is an Options Review, a paid piece of work that sets out the realistic routes for the business and becomes the basis for negotiating with lenders, HMRC and creditors. Where we invest, we do so for a minority equity stake or a success fee, so our return depends on the business recovering. See what a business turnaround costs.

Is K2 an insolvency practitioner?

No. Insolvency practitioners are licensed to act as administrators, liquidators and CVA supervisors, and in those roles they act for the creditors. K2 works for the directors and shareholders to keep the business out of a formal process, or to use one in a way that protects the business. When a formal process is the right tool we bring in an insolvency practitioner and manage the process with you. See turnaround specialist vs insolvency practitioner.

Can you help if a winding-up petition has been issued against my Hull company?

Yes, but time is short. Once a petition is advertised the bank will usually freeze the account. Petitions against companies in Hull are typically heard at Kingston-upon-Hull Combined Court Centre. The petition can often be paid, settled or adjourned, or a CVA or administration can be put in place to protect the business. Call us the day you receive it. See how to stop a winding-up petition.

What size of business do you work with?

Mostly owner-managed companies with turnover between £3m and £20m, across construction, manufacturing, technology, services, wholesale and retail. We will always talk to a smaller business, and if we are not the right fit we will tell you who is.

Which court hears insolvency cases for Hull companies?

Kingston-upon-Hull Combined Court Centre, Lowgate, Kingston upon Hull, HU1 2EZ. This is a County Court hearing centre with insolvency jurisdiction: it can hear winding-up petitions against companies with paid-up share capital of up to £120,000. Petitions against larger companies go to the High Court, in London or at one of the Business and Property Courts' district registries, the nearest being Leeds.

What other business support is there in Hull?

Alongside turnaround advice, Hull businesses can use HEY Growth Hub (Hull and East Yorkshire) and Hull & Humber Chamber of Commerce for signposting to funding schemes, training and local contacts. They are a good starting point for growth support; for a business under financial pressure, speak to a turnaround specialist first.

Talk to a turnaround specialist about your Hull business

A no-charge, confidential first conversation with a K2 partner. We will tell you honestly whether the business can be turned around, which route fits, and what to do first.

Get a Free Assessment 0113 877 0221

Confidential · Honest about viability · Working for the directors, not the creditors

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